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The February 2, 2013 income statement and balance sheet for Kohls Corporation shows the following items (in millions): Net sales $19,279 Cost of merchandise sold
The February 2, 2013 income statement and balance sheet for Kohls Corporation shows the following items (in millions):
Net sales | $19,279 |
Cost of merchandise sold | 12,289 |
Merchandise inventories | 3,748 |
Required: Prepare the journal entries to record Net sales and Cost of goods sold for Kohls for 2013. Assume all sales are for cash
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